Manaksia Steels Approves In-Principle ₹800 Crore Haldia Capacity Expansion

Q1 FY27 Consolidated Results YoY: Revenue at 327 Cr vs 217 Cr, up 50.6%. EBITDA at 37.2 Cr vs 13.3 Cr, up 180.6%. EBITDA Margin at 11.4% vs 6.1%, expansion of 530bps; no specific driver disclosed in the filing. PAT at 22.6 Cr vs 6.5 Cr, up 248.9%. Board granted in-principle approval for an ₹800 Cr Haldia specialty-steel expansion, comprising ₹375 Cr Phase I capacity additions by FY30 and ₹425 Cr plus land value Phase II additions by FY34, funded through debt and internal accruals. Implementation timelines depend on state-government incentives; the company is also evaluating a 10MW captive solar plant.